Zeta Global (NYSE:ZETA – Free Report) had its price target boosted by Morgan Stanley from $25.00 to $33.00 in a research report released on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
A number of other equities analysts have also recently weighed in on the company. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. New Street Research set a $38.00 price objective on shares of Zeta Global in a research note on Friday, October 9th. Citigroup lifted their price objective on shares of Zeta Global from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Thursday, October 15th. Finally, Roth Capital restated a “buy” rating and issued a $55.00 target price (up from $44.00) on shares of Zeta Global in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.94.
Read Our Latest Analysis on ZETA
Zeta Global Price Performance
Shares of NYSE ZETA opened at $36.54 on Wednesday. Zeta Global has a 1-year low of $14.36 and a 1-year high of $38.80. The business has a 50-day moving average of $32.14 and a 200-day moving average of $23.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.30 and a quick ratio of 2.38. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 261.01, a PEG ratio of 3.55 and a beta of 1.25.
Zeta Global (NYSE:ZETA – Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The business had revenue of $492.66 million during the quarter, compared to analyst estimates of $471.08 million. Zeta Global had a return on equity of 10.87% and a net margin of 2.30%. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities analysts anticipate that Zeta Global will post 0.28 EPS for the current fiscal year.
Institutional Trading of Zeta Global
A number of hedge funds and other institutional investors have recently modified their holdings of ZETA. Empowered Funds LLC acquired a new position in shares of Zeta Global in the third quarter worth about $243,000. Caxton Associates LLP purchased a new position in Zeta Global in the third quarter valued at about $520,000. Benjamin Edwards Inc. boosted its holdings in Zeta Global by 12.1% in the third quarter. Benjamin Edwards Inc. now owns 104,455 shares of the company’s stock valued at $3,298,000 after purchasing an additional 11,310 shares during the last quarter. First Trust Advisors LP grew its stake in Zeta Global by 178.7% during the 3rd quarter. First Trust Advisors LP now owns 524,616 shares of the company’s stock valued at $16,562,000 after purchasing an additional 336,367 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Zeta Global by 2.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,111,405 shares of the company’s stock valued at $66,657,000 after purchasing an additional 57,626 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.
Key Zeta Global News
Here’s some of the latest news about ZETA:
- Positive Sentiment: Zacks Research upgraded Zeta from “hold” to “strong buy.” RBC Capital reaffirmed its “buy” rating and raised its price target, while Morgan Stanley and Citigroup coverage also pointed to potential price appreciation. Zacks Research upgrade RBC Capital rating Morgan Stanley outlook Citigroup outlook
- Positive Sentiment: Recent analysis highlights accelerating revenue growth, greater Athena AI adoption and strong cash flow. Zeta was also described as holding up amid a selloff in AI stocks, which may support investor confidence in its growth prospects. Zacks growth and valuation analysis AI stocks holding up
- Negative Sentiment: Freedom Broker raised its target from $29 to $33 but kept a “hold” rating; that target is below the cited share price. Other coverage cautions that Zeta’s premium valuation leaves less room for execution missteps despite strong growth. Freedom Broker rating Zacks valuation and execution risks
Zeta Global Company Profile
Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle. The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.
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